Melissa D. asked
I am working on a trust return with depreciation on a residential rental. The program wants to pass this through to the beneficiaries, which I think is right, but did not do this the prior year. This is the final year, and I am not sure how to present it. Should the depreciation be part of the final year line rather than separately stated on line 9 of the K/K-1?
January 7th, 2024
Christopher G. answered
In the final year of a trust, special rules apply regarding the allocation of deductions, including ...
January 7th, 2024
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